Podcast: Indian economy poised to pick up in 2019, says IMF : Bulletin: Business Today
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Podcast: Indian economy poised to pick up in 2019, says IMF

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BusinessToday.In | January 22, 2019

PM Modi considers cheap loans, free accidental insurance to small businesses

Prime Minister Narendra Modi is considering offering cheap loans and free accidental insurance coverage to millions of small businesses, two government sources said, as he tries to placate a key voter bloc ahead of a general election due by May. Small business groups have been critical of the Modi government in the past year after many firms were squeezed by a shock move to ban high-value currency notes in 2016 and a hasty implementation of the GST
Kiran Mazumdar-Shaw asks Congress to include digital economy growth in its manifesto

India's biotechnology industry pioneer Kiran Mazumdar-Shaw Sunday urged the Congress to commit itself to the growth of a robust digital economy in the country and include it in its 2019 Lok Sabha poll manifesto. A billionaire entrepreneur and founder of the country's leading biotechnology firm Biocon, Mazumdar gave this suggestion to the Congress during the party's 'manifesto consultation meeting on IT and BT Economy', chaired by P Chidambaram
India moves up one position to rank 80th on the global talent competitive index

India has moved up one position to rank 80th on the global talent competitive index, but remains a laggard among the BRICS nations, a new survey showed. Switzerland continues to top the list, released on the first day of the World Economic Forum (WEF) Annual Meeting in Davos. However, India performed better than its lower-income peers when it comes to growing talent (48th) and access to growth opportunities (41st). China is the best performer among BRICS countries

Global recession unlikely as yet: Davos leaders

As the world leaders began assembling for their annual pow-wow on the Swiss Alps in Davos for the annual meet of the World Economic Forum, a gloomy outlook for the global economy weighed on the participants' mood; but many asserted that it is still not time for a recession. On the first day itself, the IMF lowered its global growth outlook and stressed on the need for urgent steps by policymakers and governments to fix the problems in a manner that is inclusive, resilient and collaborative. But IMF Chief Christine Lagarde said the risks still do not indicate any immediate recession.

China grants Ivanka Trump 5 trademarks amid trade talks

The Chinese government has granted Ivanka Trump's company preliminary approval for another five trademarks this month, as her father's administration pushes ahead on trade negotiations with China. Four trademarks, including child care centres, sunglasses and wedding dresses, were approved on Sunday. Ivanka Trump's expanding intellectual property holdings have long raised ethical concerns, particularly in China, where the courts and bureaucracy tend to reflect the will of the ruling Communist Party.

Gadkari to inaugurate bridge over Raavi in J&K Tuesday

Union Minister Nitin Gadkari Tuesday will inaugurate a 1,210-meter long bridge over River Raavi in Jammu & Kashmir, the government said. The bridge will reduce the distance between Kathua and Pathankot to 8.6 km from 45 km. It has been built at a cost of Rs 159 crore.

Indian economy poised to pick up in 2019, says IMF

India is projected to grow at 7.5 per cent in 2019 and 7.7 per cent in 2020, an impressive over one percentage point ahead of China's estimated growth of 6.2 per cent in these two years, the IMF said attributing the pick up to the lower oil prices and a slower pace of monetary tightening. The International Monetary Fund in its January World Economy Outlook update on Monday said India would remain the fastest growing major economies of the world.



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